Suburb Profile Report for Evans Head NSW (2473)

Evans Head House: Median price $650,000, Annual capital growth 4.08%, Number of sales 34, Weekly median advertised rent $500

Evans Head Unit: Median price $378,750, Annual capital growth 1.88%, Number of sales 43, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report
  • Unit Report

If you compare the increase in value of investment property in Evans Head, 2473 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 26.95%.

While Evans Head,2473 ranked number 142th in NSW for increase in median house value (annualised) increase, it is ranked 795th over the last 5 years.

Property buyers and investors in Evans Head 2473 should be seeing an average reduction in asking price of around -3.15% . This means that Evans Head is holding prices well when compared to other suburbs in NSW.

Renters in Suburb are facing rents around $26000 per annum or $500 every week.

With a capital gain of 16.54% for the last 12 months, Evans Head, 2473 has performed for property investments than its average annual 1.88% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Evans Head comes in at number 393th in NSW.

Evans Head, 2473 is offering NSW ‘s 465th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.

In the last year 43 properties changed hands in Evans Head, which puts it as the 280th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 1.88%, investors should hope to achieve an overall return of 4.94%

Metrics i HOUSE UNIT
$650,000 $378,750
6.12% 6.24%
26.95% 16.54%
4.08% 1.88%
$500 $360
34 43
4.00% 4.94%
116.35 43.1

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 2729
Median household income ($/weekly) 700
Median age of persons 49
Median housing loan repayment ($/monthly) 1305
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 292 10.7
    45-54 years 422 15.5
    55-64 years 412 15.1
    65-74 years 330 12.1
    75-84 years 281 10.3
    Others 992 36.4
    Age Group
    Census Count Percent(%)
    Not Married 926 45.7
    Registered Married 906 44.7
    Defacto Relationship 196 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2393 92.5
    Papua New Guinea 26 1.0
    United Kingdom 71 2.7
    United States of America 23 0.9
    Other 14 0.5
    Others 59 2.3
    Country of Birth
    Census Count Percent(%)
    Christianity 1885 76.4
    No Religion 554 22.5
    Buddhism 18 0.7
    Other Religious Groups 10 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 145 13.6
    $400-$599 211 19.8
    $600-$799 153 14.3
    $800-$999 133 12.5
    $1,000-$1,249 88 8.2
    Others 337 31.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1144 53.1
    Employed, worked full-time 502 23.3
    Employed, worked part-time 340 15.8
    Unemployed, looking for work 98 4.5
    Employed, away from work 72 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 152 16.6
    Technicians & trades workers 132 14.4
    Community & personal service workers 143 15.6
    Sales 115 12.5
    Labourers 112 12.2
    Others 263 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 57 10.6
    Infants/Primary 185 34.4
    Secondary 174 32.3
    Technical or Further Educational Institution 59 11.0
    University or other Tertiary Institutions 50 9.3
    Others 13 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1608 63.8
    Semi-detached, row or terrace house, townhouse 448 17.8
    Flat, unit or apartment 361 14.3
    Caravan, cabin, houseboat 87 3.5
    House or flat attached to a shop, office 15 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 513 44.5
    Fully owned 448 38.8
    Being purchased 187 16.2
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals